Executive Chairman of Yellow Brick Road Group (ASX:YBR)
Executive Chairman of TZ Limited (ASX:TZL)
Chairman of Anteo Diagnostics (ASX:ADO)
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Mark has been innovating for years, challenging the business landscape with disruptive models across a range of different industries. In the 90s Mark pioneered securitisation via his Wizard Home Loans business, teaming up with major distribution partners across Europe to provide cheap mortgages and undercut the banks. In 2004 the mortgage book of Wizard had swollen to over $19 billion and the business was subsequently sold to General Electric for over $500 million.
Post his departure from Wizard and in the hangover of the GFC, Mark saw another opportunity, within the consumer finance sector. Struggling independents were either winding up or being sold to bigger institutions, resulting in far less players and competition. Armed with his profile and a new holistic wealth model, Mark set up Yellow Brick Road. After proving the concept, Mark strategically partnered with Nine Entertainment Co. and Macquarie Bank to engineer and market a full suite of financial service products, accessible to everyday Australians, not just the wealthy. Yellow Brick Road, is now an ASX listed company with over 209 physical distribution points nationally, a strong digital strategy, loan book of $30.8 billion under advice, $400m in funds under management and annual revenues of over $165 million for the 2015 financial year.
In recent years Mark’s focus has broadened to industries across;technology, biotech, resources and media – holding executive and non-executive positions in each. In 2010, insolvent and distressed micro security company, TZ Limited, appointed Mark as Executive Chairman to negotiate the businesses rehabilitation. Today, TZ has a string of valuable multi-national contracts, strong cash flow and no debt. Via his non-executive roles, Mark also provides advice to the management of listed biotech, Anteo Diagnostics and resources company, Serena Resources.